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Restoration Risk Retention Group (RRRG)
Restoration Risk Retention Group, Inc. (RRRG) is a stock insurance company owned by its policyholders, who consist of SERVPRO® Franchisees and SERVPRO. Created in 2005, RRRG focuses exclusively on the specialized risks SERVPRO franchisees face while restoring residential and commercial properties after fire, smoke, and water damage.
RRRG operates in all states and is domiciled in Vermont. The program is administered by Marsh and is available only to SERVPRO franchisees.
Coverage available through RRRG includes:
To become an RRRG policyholder, you must be a SERVPRO franchisee. An initial capital contribution of $200 per franchise is required to enroll and is collected at the time of binding any RRRG policy. Contact us to learn more.
As a member-owned captive, RRRG has the potential to return value to members through annual policy dividends in the form of a premium credit at renewal, subject to certain conditions and overall financial results.
To be considered for a dividend:
Dividends are not guaranteed and may vary based on premium size, loss experience, and years in the RRRG.
Although risk retention groups are not required to obtain a financial rating, RRRG chose to do so to demonstrate its financial strength. RRRG currently holds an A.M. Best Company Rating of ‘A’ (Excellent) VII.
No. Marsh Affinity, a division of Marsh USA LLC (Marsh), makes no representations or warranties, expressed or implied, concerning the financial condition or solvency of any insurers, including RRRG. A.M. Best’s ratings are under continuous review and may change; the latest information is available on the A.M. Best website.
No. Policies issued by a risk retention group may not be subject to all insurance laws and regulations of your state, and state insurance insolvency guaranty funds are not available for risk retention groups such as RRRG.
Disclaimer:
This electronic information is published by RRRG: Restoriation Risk Retention Group, a risk retention group, for educational purposes only and is not intended to be a solicitation or sale of insurance to any person not eligible for membership. Risk retention groups operate under the federal Liability Risk Retention Act of 1986 and provide insurance for the common liability risk exposure of eligible group members. Different state laws may apply.
Policies issued by a risk retention group may not be subject to all of the insurance laws and regulations of your state. State insurance insolvency guaranty funds are not available for risk retention groups. This electronic information is intended solely to provide general information and is not intended to constitute legal advice. If legal advice is desired or needed, an attorney should be consulted.
This electronic information is published for educational purposes only and is not intended to be a solicitation or sale of insurance to any person not eligible for membership. Risk retention groups operate under the federal Liability Risk Retention Act of 1986 and provide insurance for the common liability risk exposure of eligible group members. Different state laws may apply. Policies issued by a risk retention group may not be subject to all of the insurance laws and regulations of your state. State insurance insolvency guaranty funds are not available for risk retention groups. This electronic information is intended solely to provide general information and is not intended to constitute legal advice. If legal advice is desired or needed, an attorney should be consulted.